12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A business angel is a privately invested investor who provides financial support to entrepreneurs and startups by making a one-time capital investment. These investors bring not only capital, but also experience and contacts to a company and can help entrepreneurs achieve their goals. They are essential in early-stage entrepreneurship, providing venture capital to companies that are otherwise difficult to fund.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A business network is a network that allows companies and their employees to connect and communicate with each other. It consists of systems and resources that enable the exchange of information, ideas and contacts between companies and their employees. A business network is an important part of any modern business culture, as it facilitates communication and collaboration, and allows companies to gain valuable contacts and insights into their industry.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A business framework is a framework that helps companies develop and implement strategies and processes. It is a flexible system that helps organizations comply with industry standards, meet regulatory requirements, and achieve their goals. For example, a business framework may include a set of policies and procedures to support the development and implementation of a business plan. It may also include a guide for developing internal control policies and procedures. A business framework can help organizations identify, assess, and manage risks to ensure the success of the business.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A hoster is a company that hosts websites and other content on a server. Hosting companies provide a physical connection to the Internet and manage the administration and maintenance of the servers that store their customers' content. They also provide the necessary bandwidth and storage space to store and run the content. Some hosting companies also offer additional services such as setting up email accounts and web design tools.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
1. Inadequate target group analysis: most companies have difficulty in correctly identifying their target group. As a result, they do not know how to address their customers.
2. Unclear advertising message: if companies cannot define very clearly what advertising message they want to convey, it becomes difficult to connect with potential customers.
3. Insufficient reach: if companies are not able to send their advertising to the widest possible audience, they will attract fewer customers.
4. Insufficient budget: if companies do not have the necessary funds for advertising activities, customer acquisition will be more difficult.
5. Lack of advertising friendliness: if companies are not able to respond to the needs and expectations of their target group, they are likely to be less successful.